October 4, 2019
By IFCMarkets
Euro-zone PPI decline bearish for EURUSD
Producer Price Index for euro-zone declined 0.8% over year in August after 0.1% increase in July. Will the EURUSD decline?
The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is above the 200-period moving average MA(200) which is level. And the RSI is rising falling toward 50 level. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.
Market Analysis provided by IFCMarkets
